Tag: financial freedom

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Feeling the pain

The Wealthster

Last week I paid off £1200 of my credit card. It felt good to be making progress, but also scary. I’ve taken the approach that I must clear these debts as fast as possible with a target of 3-4 months being a stretch target. I’m anxious that I may be biting off more than I can chew. I now only have £1172 in my account to last me the month. I know I have at least £650 of payments coming out before the next paycheck. However, I am owed £500 in rent and have £400 of expenses to clear. In … Continue reading Feeling the pain

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January/February 2019 – financial situation

The Wealthster

I want to track my progress publically for two reasons; one, tracking will allow me to see the progress I have made, and two, it will motivate me and hold me to account knowing I have told people what I am planning to do.  I know it’s February, but I wanted to start at the beginning of the year. Assets: Flat: £450,000 Pension 1: £94,000 Pension 2: £4,382 Investment: £1,800 ETF: £961.00 Savings: £8000 Debts: Mortage: £259,000 Professional studies loan: £7000 Bank loan: £8000 Car loan: £12000 As you may see, I am swimming in debt. It’s not big and … Continue reading January/February 2019 – financial situation

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Why am I doing FIRE?

The Wealthster

I am in my mid-thirties. I didn’t really think much about the future when I was in my twenties and I think my interest in FIRE is part of a realisation that life is rather short and there is a limited time to do what you want. Of course, I thought of the future, but it was perhaps a fantasy future which was what we were taught to aspire to, rather than the reality. I have led a fairly interesting life and have experienced things that the majority of people my age may not have (marriage, divorce, living overseas, loss … Continue reading Why am I doing FIRE?

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Playing with FIRE

The Wealthster

Introduction   Hi, and welcome to my blog, Playing with FIRE. I have been reading a lot about the FIRE movement since I came across it in September 2018, and I have started to dabble in the philosophy a bit. There are a great many resources out there, and many are extremely useful. The main thing about these resources is they are very US focused. As I live in London in the UK, I decided that it may be helpful to document my experiences with using FIRE in a UK context. There do not seem to be many blogs that … Continue reading Playing with FIRE